RBC Capital Maintains Sector Perform Rating for Chesapeake Utilities: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Sector Perform rating for Chesapeake Utilities (NYSE:CPK) but lowered its price target from $124.00 to $117.00. Chesapeake Utilities' shares are currently trading at $97.75, and a move to $117.00 would represent a 19.69% increase.
October 02, 2023 | 5:00 pm
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RBC Capital has maintained its Sector Perform rating for Chesapeake Utilities but lowered its price target. This could potentially impact the stock's performance.
The decision by RBC Capital to maintain its Sector Perform rating indicates that they believe Chesapeake Utilities will continue to perform at par with other companies in the sector. However, the lowering of the price target could indicate a less optimistic outlook for the company's stock price, which could potentially impact investor sentiment and the stock's performance.
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